Decoding Hellcat: The Latest Nightmare In Ransomware Attackers [Forbes]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
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Source: Forbes
In the ever-evolving cyber underground, ransomware extortionists have grown to become perhaps the most sophisticated and formidable threat. Among the latest entrants to emerge in this whack-a-mole enterprise is the ransomware gang. Since November 2024, with its sudden flurry of high-profile attacks, it has swiftly made a name for itself as a malicious actor in the ransomware-as-a-service (RaaS) business. In late 2024, Hellcat launched aggressive attacks against . This included an exfiltration of over 40 gigabytes of sensitive information from Schneider Electric SE's Jira system, the leak of over 500,000 records containing personally identifiable information from Tanzania's College of Business Education and an attack against an Iraqi city government. PROMOTED Notable Attributes Of Hellcat Hellcat's blend of ignominy, coerciveness and global ambition makes them uniquely dangerous in the ransomware business. Notable characteristics of the ransomware group include: • Irreverent
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